Question to the HM Treasury:

To ask His Majesty's Government, with regard to page 40 of their policy paper Spending Review 2025: Departmental Efficiency Plans, published on 11 June, what were the total administrative costs of the Valuation Office Agency in 2024–25; and what is the breakdown between cash-releasing and non-cash-releasing efficiencies of the projected 5–10 per cent savings from integrating the Valuation Office Agency into HMRC by 2028–29.

The Valuation Office Agency’s total administrative costs in 2024-25 were approximately £27m.

The cash releasing and non-cash releasing breakdown (by 28/29) of efficiencies from integration with HMRC is yet to be determined as detailed plans are still being developed.